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Accountability and not-for-profit organisations: implications of an international financial reporting framework.

Crawford, Louise; Morgan, Gareth G.; Cordery, Carolyn J.

Authors

Louise Crawford

Gareth G. Morgan

Carolyn J. Cordery



Abstract

This paper provides empirical evidence which informs contemporary debates on developing international financial reporting standards for not-for-profit organisations (NPOs) (CCAB, 2013a,b; IFRS Foundation, 2015). Drawing on a global survey with respondents showing experience of NPO reporting in 179 countries, we explore: practice and beliefs about NPO financial reporting internationally; perceptions of accountability between NPOs and stakeholders; and implications for developing international financial reporting standards. Interpreting our research in the context of accountability, we find considerable support for developing international financial reporting standards for NPOs, recognising broad stewardship accountability to all stakeholders as important, but prioritising accountability upwards to external funders and regulators.

Journal Article Type Article
Publication Date May 31, 2018
Journal Financial accountability and management
Print ISSN 0267-4424
Electronic ISSN 1468-4808
Publisher Wiley Open Access
Peer Reviewed Peer Reviewed
Volume 34
Issue 2
Pages 181-205
Institution Citation CRAWFORD, L., MORGAN, G.G. and CORDERY, C.J. 2018. Accountability and not-for-profit organisations: implications of an international financial reporting framework. Financial accountability and management [online], 34(2), pages 181-205. Available from: https://doi.org/10.1111/faam.12146
DOI https://doi.org/10.1111/faam.12146
Keywords Not for profit organisations (NPO); Accountability; International financial reporting; Stewardship

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